I like to test things... when i finally joined steemit a few months ago, the first thing i wanted to do was to make some money using the bid bots.
🌴 I'm trying to find financial freedom so this is what i tend to do. 🌴
After a couple of days i stumbled upon 🤖steembottracker.com 🤖at the time there were about 30 bid bots that you could use, so after looking at the projected ROI figures on this handy website i quickly tested every available bot to see if they were indeed profitable as projected.
Well unfortunately the website ROI projections were inaccurate, my results averaged to about -35% down.
I had lost quite a bit of money, no worries it's only money & i like to take these little risks in the hope of some good returns. The reason for the negative return was mostly down to the fact that the bid bots do not cap negative losses for bidders. This means that when you place a bid you could end up with -95% down! or perhaps +40% up.
This clearly is not good if you want to make a profit long term, the only bid bot at the time that was capping losses was in fact they were the first "non negative ROI bot" on steemit.
Well today i thought i would check out the useful bot tracker website again and WOW there are now nearly 100 bid bots! Over three times as many in a couple of months!
I will test these bid bot on this post&post my result in the comment.thanks for stopping by,please be sure to RESTEEM this post so other people can find it ,thank you.